Japan wants to invest in oil depot in Phu Quoc Island District

News - A meeting of the People’s Committee of Kien Giang Province and METI group (including five big Japanese companies) to discuss the possibility of building a mega-system oil storage facility for national strategic oil in Phu Quoc Island District.

According to METI, there is no country which uses advanced technology for national strategic oil storage in ASEAN countries at present.

Also, METI said that building a mega surface storage has more advantages than a depot in land, including easier ways to move depots, no need for land clearance and construction without affecting the environment.